This policy covers physical loss or damage to property, as well as third party liability related to work conducted on the contract site.
Cover includes: The coverage for physical loss or damage to property is on an "All Risks" basis, i.e. the policy insures against damage to property in the course of construction by all sudden, accidental and unforeseen causes other than specified excluded perils and forms of damage.
Additionally, the policy includes coverage for physical loss or damage to construction plant & machinery, equipment and tools used per the insured contract.
CAR insurance also includes third party liability coverage. This insures against accidental bodily injury or illness to third parties as well as accidental loss of, or damage to property belonging to third parties, caused by an accident at the construction site.
Also the coverage can be extended to include Advanced Loss of income.
Transport/ Cargo insurance
Cargo insurance provides coverage against physical damage or loss of modules, inverters, structure, etc. during shipping, whether by land, sea or air. The coverage starts when you buy the materials from manufacturer plant and ends on the PV construction field / warehouse, including loading and unloading.
Personal accident of the EPC’ s employees
PA policy cover all employees of the EPC contractor while they are on the site. Renewable Energy Insurance Broker delivers peace of mind with a range of personal insurance covers for accidental death, total or partial disability, temporary disability, etc. for the workers.
Employers Liability insurance
An insurance policy that protects employers from liabilities arising from disease, fatality, or injury to employees resulting from workplace conditions or practices. Please note that some jurisdictions make it compulsory for employers to buy such insurance.
Еrrors & omissions (E&O)
Еrrors & omissions (E&O) is a form of liability insurance that helps protect professional service-providing companies from bearing the full cost of defending against a negligence claim made by a client, and damages awarded in such a civil lawsuit.